Itís Your Money > Money Exchanging

Are One hundred dollar bills without digital codes accepted?

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Lee2:

--- Quote from: jjcabgou on March 19, 2018, 10:50:35 AM ---ok I am being an "ass", but I am still a little baffled as to why an adult would have to ask what to do with their money.   Unless an individual does not understand what a bank is, or money exchange services, and has no ability to do a search on the internet.    Or why hoard 100 dollar bills in your home?   If you live in the Philippines then you can have a bank account, why not just have deposited them in your account? 
Instead of asking here, why not just take a hundred dollar bill to the bank and try to exchange it, or to a local western union or to a ...?   If they refuse, they are not going to confiscate your money.     
The question is just somewhat bizarre to me  ??? ::) ;D :-\

--- End quote ---
You already made that point with your first post, with interest rates so low and many people not trusting the stock market, lots of people nowadays hold onto cash, I know that when I ran a gun and pawn shop years ago, I always had tons of cash around, so maybe the op is in some type of business or does not trust banks, it is not really for us to judge, it is for us to try to help people who wish to visit, move to or already live in the Philippines, well that is what I do my best to do but I often fail.

suzukig1:
Reason for holding cash at home:

After a major earthquake banks could be offline for weeks.  Also, any connection for credit cards, ewallets, etc.

Have enough cash for at least 2 weeks but 4 weeks would be better.

For water, food and hospital needs those with cash will get preference over those without cash.

nerd4444:
search united states dollar without digital codes or other. start with google.

hundreds of financial sites with recs what do do with money.

jjcabgou:

--- Quote from: suzukig1 on March 19, 2018, 11:55:48 AM ---Reason for holding cash at home:

After a major earthquake banks could be offline for weeks.  Also, any connection for credit cards, ewallets, etc.

Have enough cash for at least 2 weeks but 4 weeks would be better.

For water, food and hospital needs those with cash will get preference over those without cash.

--- End quote ---
Agreed we should have have a contingency plan for an apocalyptic event.

BudM:
I think I will take the precaution and hoard some 100 dollar bills.  Not going to keep them at home though as I don't want to keep too much loose cash around. Will put them in a little steel box and go bury them on a golf course.

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